Lincoln Childrens Museum
- Assets
- $8.3m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 42
- Location
- Lincoln, NE
- Founding
- 11/1988
- Data as of
- 12/2021
- EIN
- 47-0716636
Organization Overview
Lincoln Childrens Museum is located in Lincoln, NE. The organization was established in 1988. According to its NTEE Classification (A52) the organization is classified as: Children's Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Lincoln Childrens Museum employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Childrens Museum is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Lincoln Childrens Museum generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE LINCOLN CHILDREN'S MUSEUM PROVIDES A UNIQUE SETTING FOR CHILDREN AND THEIR CAREGIVERS TO LEARN THROUGH DISCOVERY AND ACTIVE EXPERIMENTATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AN EDUCATIONAL SETTING WHEREBY CHILDREN CAN LEARN ABOUT THE NATURAL, SCIENTIFIC AND CULTURAL ASPECTS OF THE WORLD THROUGH HANDS-ON EXPERIENCES AND EXHIBITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tara Knuth Executive Director | Officer | 40 | $94,600 |
Meghan Albenesius Past President | OfficerTrustee | 1 | $0 |
Doc Chaves President | OfficerTrustee | 1 | $0 |
Jaydon Pence President Elect | OfficerTrustee | 1 | $0 |
Haleigh Carlson Secretary | OfficerTrustee | 1 | $0 |
Jeff Sheets Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $334,555 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,385,053 |
| Noncash contributions included in lines 1a–1f | $230,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,719,608 |
| Total Program Service Revenue | $554,773 |
| Investment income | $33,413 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $44,996 |
| Net Gain/Loss on Asset Sales | $118,741 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $43,024 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,519,873 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $94,600 |
| Compensation of current officers, directors, key employees. | $94,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $191,259 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,051 |
| Payroll taxes | $39,656 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,135 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,959 |
| Advertising and promotion | $21,871 |
| Office expenses | $37,943 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $731,712 |
| Travel | $95 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,233 |
| Interest | $1,556 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $565,380 |
| Insurance | $33,378 |
| All other expenses | $20,263 |
| Total functional expenses | $1,995,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $290,241 |
| Savings and temporary cash investments | $942,281 |
| Pledges and grants receivable | $244,500 |
| Accounts receivable, net | $2,219 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,578 |
| Prepaid expenses and deferred charges | $21,158 |
| Net Land, buildings, and equipment | $3,499,792 |
| Investments—publicly traded securities | $3,018,874 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $239,314 |
| Total assets | $8,286,957 |
| Accounts payable and accrued expenses | $76,742 |
| Grants payable | $0 |
| Deferred revenue | $138,774 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $215,516 |
| Net assets without donor restrictions | $7,336,541 |
| Net assets with donor restrictions | $734,900 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,286,957 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Lincoln Childrens Museum has recieved totaling $33,500.
| Awarding Organization | Amount |
|---|---|
Rogers Foundation Lincoln, NE PURPOSE: CHARITABLE PURPOSE | $15,000 |
Dolezal Family Foundation Charitable Trust Lincoln, NE PURPOSE: GENERAL CHARITABLE PURPOSE | $10,000 |
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Terpstra Foundation Lincoln, NE PURPOSE: PROMOTE YOUTH | $2,000 |
John C & Catherine S@angle Charitable Trust Lincoln, NE PURPOSE: GENERAL CHARITABLE PURPOSE | $1,500 |
Endowment Analysis
| Beg. Balance | $2,662,656 |
| Earnings | $373,283 |
| Admin Expense | $17,065 |
| Ending Balance | $3,018,874 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Magic House St Louis, MO | $33,104,106 | $8,688,118 |
Childrens Museum Of Denver Inc Denver, CO | $24,663,465 | $4,219,080 |
Omaha Childrens Museum Inc Omaha, NE | $6,009,247 | $3,970,872 |
Lincoln Childrens Museum Lincoln, NE | $8,286,957 | $2,519,873 |
Iowa Childrens Museum Coralville, IA | $6,008,938 | $1,241,709 |
The Rabbit Hole Kc North Kansas City, MO | $10,673,262 | $1,916,945 |
The Powerhouse Durango, CO | $3,488,196 | $774,423 |
Wow Childrens Museum World Of Wonder Ltd Lafayette, CO | $438,869 | $593,552 |
Jackson Hole Childrens Museum Jackson, WY | $498,033 | $765,489 |
Kearney Area Childrens Museum Kearney, NE | $1,737,832 | $574,694 |
Southeast Missouri Childrens Museum Cape Girardeau, MO | $900,673 | $336,137 |
Mountain Top Childrens Museum Inc Breckenridge, CO | $145,383 | $235,229 |